PARK24 SPONS (Germany) Market Value
| 3WN Stock | EUR 12.90 0.60 4.88% |
| Symbol | PARK24 |
PARK24 SPONS 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to PARK24 SPONS's stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of PARK24 SPONS.
| 06/25/2024 |
| 12/22/2024 |
If you would invest 0.00 in PARK24 SPONS on June 25, 2024 and sell it all today you would earn a total of 0.00 from holding PARK24 SPONS ADR1 or generate 0.0% return on investment in PARK24 SPONS over 180 days. PARK24 SPONS is related to or competes with Cintas, RENTOKIL INITIAL, INPOST SA, Elis SA, PARK24, RELO GROUP, and Transcontinental. PARK24 Co., Ltd. operates and manages parking facilities in Japan and Internationally More
PARK24 SPONS Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure PARK24 SPONS's stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess PARK24 SPONS ADR1 upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.87 | |||
| Information Ratio | 0.1437 | |||
| Maximum Drawdown | 8.85 | |||
| Value At Risk | (2.80) | |||
| Potential Upside | 3.88 |
PARK24 SPONS Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for PARK24 SPONS's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as PARK24 SPONS's standard deviation. In reality, there are many statistical measures that can use PARK24 SPONS historical prices to predict the future PARK24 SPONS's volatility.| Risk Adjusted Performance | 0.1318 | |||
| Jensen Alpha | 0.3455 | |||
| Total Risk Alpha | 0.2786 | |||
| Sortino Ratio | 0.17 | |||
| Treynor Ratio | (1.57) |
PARK24 SPONS ADR1 Backtested Returns
PARK24 SPONS appears to be not too volatile, given 3 months investment horizon. PARK24 SPONS ADR1 maintains Sharpe Ratio (i.e., Efficiency) of 0.14, which implies the company had a 0.14% return per unit of standard deviation over the last 3 months. We have found twenty-seven technical indicators for PARK24 SPONS ADR1, which you can use to evaluate the volatility of the entity. Please evaluate PARK24 SPONS's Mean Deviation of 1.68, market risk adjusted performance of (1.56), and Coefficient Of Variation of 632.01 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, PARK24 SPONS holds a performance score of 11. The firm holds a Beta of -0.22, which implies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning PARK24 SPONS are expected to decrease at a much lower rate. During the bear market, PARK24 SPONS is likely to outperform the market. Please check PARK24 SPONS's jensen alpha, sortino ratio, and the relationship between the information ratio and total risk alpha , to make a quick decision on whether PARK24 SPONS's historical price patterns will revert.
Auto-correlation | 0.35 |
Below average predictability
PARK24 SPONS ADR1 has below average predictability. Overlapping area represents the amount of predictability between PARK24 SPONS time series from 25th of June 2024 to 23rd of September 2024 and 23rd of September 2024 to 22nd of December 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of PARK24 SPONS ADR1 price movement. The serial correlation of 0.35 indicates that nearly 35.0% of current PARK24 SPONS price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.35 | |
| Spearman Rank Test | 0.35 | |
| Residual Average | 0.0 | |
| Price Variance | 0.19 |
PARK24 SPONS ADR1 lagged returns against current returns
Autocorrelation, which is PARK24 SPONS stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting PARK24 SPONS's stock expected returns. We can calculate the autocorrelation of PARK24 SPONS returns to help us make a trade decision. For example, suppose you find that PARK24 SPONS has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
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PARK24 SPONS regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If PARK24 SPONS stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if PARK24 SPONS stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in PARK24 SPONS stock over time.
Current vs Lagged Prices |
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PARK24 SPONS Lagged Returns
When evaluating PARK24 SPONS's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of PARK24 SPONS stock have on its future price. PARK24 SPONS autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, PARK24 SPONS autocorrelation shows the relationship between PARK24 SPONS stock current value and its past values and can show if there is a momentum factor associated with investing in PARK24 SPONS ADR1.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in PARK24 Stock
PARK24 SPONS financial ratios help investors to determine whether PARK24 Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in PARK24 with respect to the benefits of owning PARK24 SPONS security.